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Operation of Business Incubators in Latvia during the Times of Economic Crisis

In: European Entrepreneurship as an Engine for Post-Crisis Development – Challenges and Opportunities. Proceedings of the International Conference, 8 – 10 September 2010, Borovets, Bulgaria

Author

Listed:
  • Kārlis Markus

    (University of Latvia, Jelgava, Latvia)

  • Viesturs Zeps

    (BA School of Business and Finance, and, Investment and Development Agency of Latvia, Riga, Latvia)

Abstract

From 2008 to 2010 Latvia underwent a severe economic crisis that led to a considerable drop of economic activity. In order to overcome the problems caused by the crisis, the government together with the International Monetary Fund and European Commission developed a plan for stabilising economy that was based on inner devaluation, reduction of budget spending and restructuring of economics. At present, as a result of the crisis favourable conditions for starting up new businesses have formed, and there should be steps taken to encourage the establishment of new enterprises. Business incubators are an instrument with the help of which one may encourage and support the operation of new enterprises in their initial stage in an efficient way and give technical and consultative support to them. Since 2009, they have been formed in all regions of Latvia.

Suggested Citation

  • Kārlis Markus & Viesturs Zeps, 2012. "Operation of Business Incubators in Latvia during the Times of Economic Crisis," Conference Proceedings Chapters, in: Kiril Todorov & Atanas Damyanov (ed.), European Entrepreneurship as an Engine for Post-Crisis Development – Challenges and Opportunities. Proceedings of the International Conference, 8 – 10, edition 1, chapter 127, pages 91-103, Bulgarian Association for Management Development and Entrepreneurship.
    • Handle: RePEc:mdv:cpchap:y:2010:6
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